GSE Co., Ltd. Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Other Revenue	-	-	-	-	-0	-
Revenue	171,578	155,623	168,760	172,618	128,703	120,801
Revenue Growth (YoY)	6.42%	-7.78%	-2.23%	34.12%	6.54%	-11.41%
Cost of Revenue	138,553	125,468	140,261	144,631	102,886	96,001
Gross Profit	33,025	30,155	28,499	27,987	25,817	24,800
Selling, General & Admin	18,013	17,466	16,646	16,263	14,451	13,093
Amortization of Goodwill & Intangibles	113.43	65.96	16.27	19.92	19.8	59.41
Operating Expenses	26,093	25,248	24,117	23,434	21,188	19,622
Operating Income	6,932	4,908	4,381	4,554	4,629	5,179
Interest Expense	-1,890	-1,890	-795.41	-591.64	-458.15	-389.62
Interest & Investment Income	167.98	167.98	2,867	1,989	580.52	58.38
Other Non Operating Income (Expenses)	-52.45	207.61	130.11	113.78	234.97	186.25
EBT Excluding Unusual Items	5,158	3,393	6,583	6,065	4,987	5,034
Gain (Loss) on Sale of Investments	10.2	10.2	18.41	7.4	1.69	-
Gain (Loss) on Sale of Assets	352.46	352.46	39.11	945.35	-192.87	-181.38
Pretax Income	5,520	3,756	6,640	7,018	4,796	4,852
Income Tax Expense	381.63	192.48	1,052	1,116	720.35	511.93
Net Income	5,139	3,563	5,588	5,902	4,075	4,340
Net Income to Common	5,139	3,563	5,588	5,902	4,075	4,340
Net Income Growth	37.42%	-36.24%	-5.32%	44.84%	-6.11%	1.09%
Shares Outstanding (Basic)	30	30	30	30	28	28
Shares Outstanding (Diluted)	30	30	30	30	28	28
Shares Change (YoY)	-	-	-	5.99%	2.12%	-
EPS (Basic)	171.36	118.82	186.36	196.83	144.04	156.66
EPS (Diluted)	171.36	118.82	186.36	196.83	144.04	156.66
EPS Growth	37.42%	-36.24%	-5.32%	36.65%	-8.06%	1.09%
Free Cash Flow	-1,962	-26,717	-8,373	1,038	-4,361	-9,006
Free Cash Flow Per Share	-65.42	-890.94	-279.20	34.60	-154.14	-325.08
Gross Margin	19.25%	19.38%	16.89%	16.21%	20.06%	20.53%
Operating Margin	4.04%	3.15%	2.60%	2.64%	3.60%	4.29%
Profit Margin	3.00%	2.29%	3.31%	3.42%	3.17%	3.59%
Free Cash Flow Margin	-1.14%	-17.17%	-4.96%	0.60%	-3.39%	-7.46%
EBITDA	15,022	12,698	11,845	11,699	11,370	11,691
EBITDA Margin	8.76%	8.16%	7.02%	6.78%	8.83%	9.68%
D&A For EBITDA	8,089	7,790	7,464	7,145	6,741	6,512
EBIT	6,932	4,908	4,381	4,554	4,629	5,179
EBIT Margin	4.04%	3.15%	2.60%	2.64%	3.60%	4.29%
Effective Tax Rate	6.91%	5.13%	15.84%	15.90%	15.02%	10.55%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.